The New Hampshire Insurance Company Sued for breach of Contract

Bruce Levenson is the former NBA team owner. He is a successful businessman and engages in numerous philanthropic activities. He is the founder of UCG(http://www.ucg.com/AboutUs/Ownership.aspx) other businesses. and owns several He is also the former co-owner of the Atlanta Hawks LLC, which owns the Philips Arena and the Atlanta Hawks basketball team. Since 2004, Mr. Levenson has served as one of the NBA Governors. He co-founded the United Communications Group in 1977.

Bruce Levenson, the former owner of the Atlanta NBA franchise and Hawks Basketball and Entertainment LLC, has filed litigation against the New Hampshire Insurance Company for breaching their contract that involved the allegation settlement made by their general manager Danny Ferry.

AHBE (The former Atlanta Hawks Ownership Group) included his old controlling partner Bruce Levenson the current litigation has nothing to do with the current management of the Atlanta Hawks Basketball Team led by Tony Ressler.

The litigation, filed in Fulton County Superior Court on September 13, 2016, against the New Hampshire Insurance Company, is an action for bad insurance faith and breaching contract. AHBE claims that its insurance policy was to cover some critical losses related to employment crisis including wrongful termination, workplace tots, and others. According to the documents presented in court, AIG received notice from AHBE on April 2, 2015, that claims asserted by Ferry were believed to be covered.

The Hawks ownership and Ferry reached a buyout agreement that remains undisclosed on June 22, 2015, ending their six-year relationship of the $18 million contract in 2012. The approval of the sale franchise to the group led by Forbes billionaire Tony Ressler came two days after the agreement between Ferry and AHBE.

According to the current Hawks spokesman, they are aware of the complaint. The principal parties involved have no ties to the Hawks organization and have no comment to this litigation. According to the documents presented in court, the compensation amount is confidential.

 

1 thought on “The New Hampshire Insurance Company Sued for breach of Contract”

  1. Sometimes I wonder why business persons should be involved in breaching of contracts knowing that contracts are binding documents that should be followed to the latter. Well, according to professional paper writing service we see the reason why Bruce Levenson the former owner of the Atlantic Hawk team is suing the insurance company that was backing his team. As a fan of AHBE I’m not happy with the way things are now because during his time as the owner of the team we were doing quite well for reasons good to him he sold the team.

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